The Maharashtra government has approved the Rs 8,313-crore Pune Metro’s third line project, which is to be executed by the Pune Metropolitan Region Development Authority.
A decision in this regard was taken at a meeting of the state cabinet.
“The 23.3-km Line 3 will link the IT hub of Hinjewadi to the Pune city centre at Shivajinagar. This takes the total investment in the Metro rail network in Pune to nearly Rs 20,000 crore with Rs 11,400 crore being invested in the first two lines,” a Financial Express report said.
For the third line, the government has opted for a Public Private Partnership (PPP) model. It may be recalled that the first two lines were jointly promoted and funded by the central, state and local civic bodies through a joint venture company, MahaMetro along with funding from international agencies.
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